From a little reading Capital loss can be deducted from a Trad IRA if the loss is less than your taxable basis of the Trad IRA. This would benefit very few people with a Roth or Trad. By the way Intuit says TurboTax Premier is programmed to figure the IRA deduction.
I was very unaware of a IRA Capital loss deduction. From a quick read it might work for a Roth or Trad IRA, but the kicker is you must close all like IRA(Roth or Trad) in order to figure any loss.
Frigator, The usual trading plan did not work well in Sept or Oct. which is to be expected on occasion. If market settles will start lightly in Nov or December. I was wishing for a correction so 2015 could start off on a positive foot. Also might reevaluate some regular energy trades.
I have collected coins for 55 years for enjoyment with little thought of investment gain. Never considered bullion would rather use PayPal or Apple Pay. If doomsday ever comes food and weapons would be more useful than silver or gold.
Iam in the process of selling the ETF bear issues and will take my loss never to return. Much cheaper to buy a TNA or SPY Put that tracks better. Imo the bear ETF are day trader only fodder. The only Russian Bear ETF I could locate was RUSS another day trader ETF. The month of OCT royally stunk , I went from up 14% to up5% for the year.
I do wonder why Franklin did not include Steve on his pumper list. Iam sure it's obvious to all Martha needs to be taken to the wood shed :)
Why would someone care how another invests there own Capital? In slicks and Pennyone,s case if everyone traded as they do the market would be too volatile for consistent trading success. The buy and hold investor steadies the market to where a trader can make a profit consistently . Many including Slick , Penny, Carl ,Minnyfan act like ignorant immature children with the constant name calling. I also acknowledge some guilt in this area. .
I have been opinion that Yellen,s job one was smooth sailing through the midterm elections. If the GOP gains control of Congress they can then talk the market to be used as a issue for 2016. President Obama has not appointed anyone that did not share his political views, Janet Yellon is no different.
Market rationality seems to be defined by the Fed. I did not add shorts today because most of my trades have been a smidgen off ( about 360 degrees) for the past month. There is some big money getting nervous as the market climbs, wanting every last Dime before springing the trap door. But they might be trapping shorts this round, who knows?
This last month has not treated me well and I don't plan to take excess risk to try to catch up. I did notice Barron's has a article on RUSS as did other beside Mauldin. I will wait a week or so to let the Barron's bounce settle before trying a bit.
Bigclit you sound like a non believer. With a 2500 S&P and Jims earning prediction comes to fruit anything can happen. Try shorting through earnings and see what happens.